Gunmakers’ Shares Rise on News of Supreme Court McDonald Decision

“Shares in two U.S. firearms companies were up Monday,” The Wall Street Journal reports, “after the U.S. Supreme Court stuck down the City of Chicago’s decades-old ban on individual ownership of handguns . . . The 5-4 ruling follows by about two years a similar ruling throwing out a handgun ban in the District of Columbia. Shares of Smith & Wesson Holdings (SWHC) rose 5.4% to $4.32 while Sturm, Ruger & Co. (RGR) rose 2.7% to $15.46.”

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